Amundi Has $821.40 Million Stake in Union Pacific Corporation $UNP

Key Points

• Amundi increased its Union Pacific stake by 34.8% in the second quarter, adding 778,850 shares to reach 3.02 million shares valued at approximately $821.4 million. Institutional investors and hedge funds collectively own 80.38% of UNP.
• Union Pacific reported quarterly earnings of $3.41 per share, beating estimates of $3.26, while revenue rose 11.5% year over year to $6.86 billion. The company also raised its quarterly dividend to $1.42, equating to a 2.0% yield.
• Analysts maintain a generally bullish outlook, with a consensus “Moderate Buy” rating and an average price target of $320.89, compared with the stock’s opening price of $289.54.

Amundi boosted its stake in Union Pacific Corporation (NYSE:UNP - Free Report) by 34.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,019,845 shares of the railroad operator's stock after acquiring an additional 778,850 shares during the quarter. Amundi owned 0.51% of Union Pacific worth $821,398,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UNP. Cambient Family Office LLC bought a new stake in shares of Union Pacific during the 4th quarter worth approximately $1,319,000. First National Bank of Omaha grew its stake in shares of Union Pacific by 35.8% in the fourth quarter. First National Bank of Omaha now owns 54,635 shares of the railroad operator's stock valued at $12,665,000 after buying an additional 14,399 shares in the last quarter. North Dakota State Investment Board bought a new position in shares of Union Pacific in the fourth quarter valued at $4,746,000. Sage Investment Advisers LLC acquired a new position in Union Pacific during the fourth quarter worth $997,000. Finally, National Pension Service increased its holdings in Union Pacific by 1.2% during the fourth quarter. National Pension Service now owns 1,316,496 shares of the railroad operator's stock worth $304,532,000 after buying an additional 15,785 shares during the last quarter. 80.38% of the stock is owned by institutional investors and hedge funds.

Union Pacific Stock Down 0.0%

Shares of UNP opened at $289.54 on Monday. Union Pacific Corporation has a 52 week low of $210.84 and a 52 week high of $315.99. The firm has a market cap of $172.01 billion, a P/E ratio of 23.44, a price-to-earnings-growth ratio of 2.88 and a beta of 0.96. The firm's 50-day simple moving average is $293.96 and its 200 day simple moving average is $271.00. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.82 and a current ratio of 0.99.

Union Pacific (NYSE:UNP - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share for the quarter, beating the consensus estimate of $3.26 by $0.15. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. The firm had revenue of $6.86 billion for the quarter, compared to analysts' expectations of $6.72 billion. During the same period in the prior year, the firm earned $3.03 EPS. The business's revenue was up 11.5% on a year-over-year basis. On average, analysts forecast that Union Pacific Corporation will post 13.02 earnings per share for the current year.

Union Pacific Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, August 31st will be paid a $1.42 dividend. This is a boost from Union Pacific's previous quarterly dividend of $1.38. The ex-dividend date is Monday, August 31st. This represents a $5.68 annualized dividend and a yield of 2.0%. Union Pacific's dividend payout ratio is presently 45.99%.

Analyst Upgrades and Downgrades

A number of analysts have commented on UNP shares. Wells Fargo & Company reiterated an "overweight" rating and issued a $335.00 price target (up from $315.00) on shares of Union Pacific in a research note on Friday, July 24th. Benchmark boosted their price objective on shares of Union Pacific from $325.00 to $335.00 and gave the stock a "buy" rating in a research note on Friday, July 24th. Stephens raised shares of Union Pacific to a "strong-buy" rating in a report on Wednesday, July 8th. Barclays reiterated an "overweight" rating and issued a $350.00 target price (up from $315.00) on shares of Union Pacific in a research note on Friday, July 24th. Finally, The Goldman Sachs Group set a $317.00 price target on Union Pacific and gave the stock a "neutral" rating in a report on Thursday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, Union Pacific has a consensus rating of "Moderate Buy" and a consensus price target of $320.89.

Union Pacific Profile

Union Pacific Corporation NYSE: UNP is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific's core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.

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